Terrafina Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2018
April 26, 2018 at 05:28 pm
Terrafina announced unaudited earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported that rental revenues reached $47.4 million, a 17.6% or $7.1 million increase compared to first quarter of 2017. NOI was $46.0 million, a 16.3% or $6.4 million increase compared to first quarter of 2017. EBITDA reached $41.3 million, an increase of 15.7% or $5.6 million compared to first quarter of 2017. Adjusted funds for operations (AFFO) reached $26.9 million, an increase of 22.0% or $4.8 million compared to first quarter of 2017.